define profiteering legal
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Profiteering (business) Profiteering is a pejorative term for the act of making a profit by methods considered unethical. Business owners may be accused of profiteering when they raise prices during an emergency (especially a war). The term is also applied to businesses that play on political corruption to obtain government contracts.
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Collusion Law and Legal Definition Collusion Law and Legal Definition. Collusion occurs when two persons or representatives of an entity or organization make an agreement to deceive or mislead another. Such agreements are usually secretive, and involve fraud or gaining an unfair advantage over a third party, competitors, consumers or others with whom they are negotiating.
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- Legal Definition of procurement. 1  1 : the act of procuring. 2  2 : the purchasing, leasing, renting, or selling of materials, services, equipment, or construction.
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tax avoidance Definition. Lawful minimization of tax liability through sound financial planning techniques such as phasing the sale of assets over a period long enough to effect maximum exemption from capital gains tax. Whereas tax avoidance is legal, tax evasion is not.
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Net Profit vs. Operating Profit Net Profit vs. Operating Profit. Operating profit is the amount of gain or loss obtained from the firm's core operations. Net profit, on the other hand, is the bottom line; the amount of money that shareholders have made at the end of an operating period after all parties, such as the taxman and creditors, have been fully paid.
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What is 'Profit' Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business. A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity.
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profit- definition and synonyms [countable/uncountable] business money that you make by selling something or from your business, especially the money that remains after you have paid all your business costs. Your total profit before you pay tax is called gross profit, and the amount that remains after you have paid tax on this is called net profit. 1. Profits rose 31% to £144 million. make a profit : Investors have made a 14% profit in just 3 months. profit on : The profit on that deal was £21 million.
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CONVERSION The tortious taking of property is, of itself, a conversion and any intermeddling with it, or any exercise of dominion over it, subversive of the dominion of the owner or the nature of the bailment if it be bailed, is evidence of a conversion. In Equity.
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treasure trove legal Definition of treasure trove : treasure that anyone finds; specifically: gold or silver in the form of money, plate, or bullion that is found hidden and whose ownership is not known Note: State law determines who is entitled to a treasure trove.
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General Pricing Strategies Profit maximization. In economics, profit maximization is the short run or long run process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem.
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Search Legal Terms and Definitions n. the intentional use of deceit, a trick or some dishonest means to deprive another of his/her/its money, property or a legal right.
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conspiracy legal Definition of conspiracy plural conspiracies 1: an agreement between two or more people to commit an act prohibited by law or to commit a lawful act by means prohibited by law; also: the crime or tort of participating in a conspiracy — compare substantive crime
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- definition of profit a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses costs and taxes needed to sustain the activity any profit that is gained goes to the business s owners who may or may not decide to spend it on the business financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses costs and taxes needed to sustain the activity any profit that is gained goes to the business s owners who may or may not decide to spend it on the business
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The main objective of the business is to earn profit. The main objective of the business is to earn profit. Every business is started to earn profits as it is essential for the survival and growth of business enterprises. Profit earning should be regarded as the main objective of business unit. The need of profit in business is left to cover the cost of production and also create a surplus for undertaking expansion and diversification work. The survival of the business will be a day-dreaming affair in the absence of profit.
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DEFINITION of 'Economic Espionage' DEFINITION of 'Economic Espionage'. The unlawful targeting and theft of a nation’s critical economic intelligence. Economic espionage may include the clandestine acquisition or outright theft of invaluable proprietary information in a number of areas including technology, finance and government policy.
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larceny vs theft n. the crime of taking the goods of another person without permission (usually secretly), with the intent of keeping them. It is one form of theft.. Some states differentiate between grand larceny and petty larceny based on the value of the stolen goods. Grand larceny is a felony with a state prison sentence as a punishment and petty larceny is usually limited to county jail time.
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What is 'Operating Profit' DEFINITION of 'Operating Profit'. The profit earned from a firm's normal core business operations. This value does not include any profit earned from the firm's investments (such as earnings from firms in which the company has partial interest) and the effects of interest and taxes.
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- Full Definition of PROFITABLE. : affording profits: yielding advantageous returns or results. — prof·it·abil·i·ty \ˌprae-ˌprä-fə-tə-ˈbi-lə\ tē. — noun·prof·it·able \ness-ˈprae-ˈprä-fə-tə\ bəl. — nəs·noun·prof \-it\ ably. Blē adverb see profitable Defined-for english. Language learners see profitable defined. for kidsull Definition of PROFITABLE. : affording profits: yielding advantageous returns or results. — prof·it·abil·i·ty \ˌprae-ˌprä-fə-tə-ˈbi-lə\ tē. — noun·prof·it·able \ness-ˈprae-ˈprä-fə-tə\ bəl. — nəs·noun·prof \-it\ ably. blē adverb
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Kidnapping Overview of U.S. Kidnapping Laws. Under federal and state law, kidnapping is commonly defined as the taking of a person from one place to another against his or her will, or the confining of a person to a controlled space. Some kidnapping laws require that the taking or confining be for an unlawful purpose, such as extortion or the facilitation of a crime.
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Definition of operating profit (loss) Definition of operating profit (loss) The difference between revenues and costs generated by ordinary operations, before deducting interest, taxes, investment gains/losses and various non-recurring items. The term is general; specific definitions depend on the relevant accounting standard or tax jurisdiction.
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- In economic terms, a nonprofit organization uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's shareholders (or equivalents) as profit or dividends. This is known as the non-distribution constraint.
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Michigan Criminal Law: Theft/Larceny Crimes, Uttering & Publishing In particular, Uttering & Publishing, MCL 750.249, is the title of a felony that is frequently charged against people who seek to fraudulently present checks, money-orders, or other negotiable instruments.
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- (4) Criminal profiteering means any act, including any anticipatory or completed offense, committed for financial gain, that is chargeable or indictable under the laws of the state in which the act occurred and, if the act occurred in a state other than this state, would be chargeable or indictable under the laws of this state had the act occurred ...
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greenmail (esp in the US) the practice of a company buying sufficient shares in another company to threaten takeover and making a quick profit as a result of the threatened company buying back its shares at a higher price.
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withdrawal Legal Definition of withdrawal. 1  1 : the act or fact of withdrawing withdrawal from a conspiracy. 2  2 : removal of money from a place of deposit or investment.